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Intel Faces Historic Stock Plunge as Weak Forecast and Capacity Issues Weigh on Performance

Technology News

Intel Faces Historic Stock Plunge as Weak Forecast and Capacity Issues Weigh on Performance

Intel Stock Plunges Nearly 29% on Weak Forecast

Technology Org

Intel Stock Plunges Nearly 29% on Weak Forecast

Intel stock fell nearly 29% after a weak fourth-quarter forecast and a PC slowdown warning, dragging chip stocks worldwide lower.

Intel’s Regression: Accuracy Of Its Guidance Falters, As 18A Capacity Gets Cannibalized To Feed The Older Intel 3 Process

Wccftech

Intel’s Regression: Accuracy Of Its Guidance Falters, As 18A Capacity Gets Cannibalized To Feed The Older Intel 3 Process

Intel's CFO, David Zinsner, messed up big time, and his company paid for it through its nose, with an excruciating ~30 percent stock price drop on Friday. Zinsner's 'mea culpa' appears all the...

Intel stock plunges nearly 30%, its worst day in 52 years

TechSpot

Intel stock plunges nearly 30%, its worst day in 52 years

Oddly enough, the quarter itself went well. Intel beat Wall Street's earnings estimates. Its data center revenue jumped nearly 80% from a year earlier to $7.3 billion, too. But its forecast for...

Intel Shares Crash Nearly 30% In Biggest One-Day Fall Ever: What Went Wrong With The Chipmaker?

NEWS18

Intel Shares Crash Nearly 30% In Biggest One-Day Fall Ever: What Went Wrong With The Chipmaker?

The sharp decline put Intel on course for its biggest single-day percentage fall and wiped more than $146 billion off its market value, according to Reuters.

Intel Data Center Revenue Jumps 78%, but Weak Q4 Guidance Drags Stock Down 30%

TechPowerUp

Intel Data Center Revenue Jumps 78%, but Weak Q4 Guidance Drags Stock Down 30%

Intel shares fell roughly 29% on Friday to $65.76 after the company's fourth-quarter outlook came in well below Wall Street expectations. According to CNBC, it was the stock's worst day since the...

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